What currency should I choose as my default marketplace currency and can I choose more than one?

You are only allowed to select a single currency at this present moment, Arcadier online marketplaces do not allow the multiple currency feature. We would highly recommend you to set your marketplace default currency to be the official currency of the country your marketplace is in. This is because firstly, you need to choose a currency that is supported in your country by Paypal and/or Stripe.

We would also suggest you to set the currency of your linked bank account to be the default marketplace currency. This is to avoid you and merchants from incurring additional charges from the exchange differences between the foreign currencies. Stripe & Paypal automatically converts the charges from your marketplace default currency to your default bank account currency using the exchange rates provided by its banking partners.

Example: If your bank’s default currency is SGD, your marketplace default currency should be set to SGD so you can receive payments without incurring currency conversion fees.

Click the links below to find out more about the currencies that Stripe & PayPal support for each country.